Drawer it is the partywho draws the billdrawer must be the creditorhe may either be a seller of goods or lender of money.

Difference between drawer and drawee.
That the person on whom he draws is capable of binding himself by his acceptance.
That if the bill be duly presented to him.
Drawer drawee and payee meaning in bill of exchange.
The issuer of the order is the drawer while the drawee is the person whom the drawer pays to the order of order receiver.
As nouns the difference between drawer and drawee is that drawer is an open topped box that can be slid in and out of the cabinet that contains it used for storing clothing or other articles while drawee is legal the party directed to pay the amount of a draft or cheque.
The drawee the payee and the drawer.
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The drawer is the person who writes the check although they must have the authority to do this.
The drawer the drawee and the payee.
As nouns the difference between drawee and acceptor is that drawee is legal the party directed to pay the amount of a draft or check while acceptor is one who accepts.
The obligations of the drawer to the drawee and every subsequent holder lawfully entitled to the possession are.
Example suppose you are working in a company.
At the end of month company pays you salary through cheque.
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In a bill of exchange there are three parties involved.
A customer who goes to a bank the drawee to cash a check is considered the payee in the transaction.
And finally the payee is the person who receives the payment when the check has been cashed by the drawee bank.
The drawee is the place bank where the check is drawn out of.
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